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20121224
20130101
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KQED (PBS) 1
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PBS
Dec 31, 2012 4:00pm PST
on capitol hill. steve kingston is following develops -- following developments. >> both sides are expressing cautious optimism that the framework appears to be in place. president obama said at an agreement was in sight but not dead yet. there is a republican senate, but mcconnell, taking the lead directly with vice-president joe biden on the phone. mr. mcconnell said the two parties were very close to an agreement. they were close to an agreement on the tax side that would avert tax rises before the vast majority of americans at midnight here tonight. what they are still talking about is the spending side. the question is what happens -- do they get deferred or delayed? still arguing over that period there is optimism the deal is emerging that if we do get it, remembering everything that is agreed has to be approved by the house and senate. there is certainly some suggestions that the house of representatives might not vote on something tonight. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks di
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